Assorted Links

1. WSJ Blog points out to Larry Summers suggestions that Fed should not be in consumer-protection business.

2. Fin Prof on why cash flow statement matters.

3. MR points to world in 7 pictures.

4. TK Arun on Financial Inclusion.

5. Vivek Moorthy says RBI should provide an exchange rate target. I am not sure whether this would work as numerous examples show that it has not worked and only leads to worsening of the situations.

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